Polyols Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global polyols market size reached US$ 26.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 37.9 Billion by 2028, exhibiting a growth rate (CAGR) of 6.74% during 2023-2028.
Polyols are a group of organic compounds that consist of multiple hydroxyl groups and are used in a range of industries. They are known as sugar alcohols and consist of a cluster of versatile carbohydrates with reduced calories having similar taste and texture to table sugar. In the food and beverage industry, they are used as a sugar replacement in sugar-free and low-calorie products, such as candies, chewing gums, ice-creams, fruit spreads and yogurts. In consumer products, they are used in the manufacturing of toothpaste, mouthwashes, breath mints and throat lozenges as they aid in preventing tooth decay. In the chemical industry, polyols have applicability in the production of flexible and rigid polyurethane coatings, foams, adhesives, elastomers, and sealants. They improve the product’s stability and shelf life by retaining moisture and preventing crystallization.
Polyols Market Trends:
Rapid industrialization, along with the constant growth of construction and automotive industries, is the key factor driving the growth of the market. There is an increasing demand for polyols and their derivatives from various sectors such as electronics, furniture, packaging and footwear. Furthermore, rapidly burgeoning population and their housing requirements are projected to increase the consumption of building materials made-up of polyols such as insulation protective components, exterior panels and housing electronics. Insulated houses and buildings aid in the conservation of energy and minimizing the emission of greenhouse gasses. Additionally, the increasing demand for polyurethane foams in the automotive industry is also driving the market growth. Flexible polyurethane foams, a polyol derivative, are used to make seatings, headrests, arms rests, heating and ventilating headliners in the vehicles. Other factors such as the development of bio-based polyols are positively driving the growth of the market as well.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global polyols market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type, application and industry.
Breakup by Type:
Polyether Polyols
Polyester Polyols
Breakup by Application:
Flexible Polyurethane Foams
Rigid Polyurethane Foams
CASE (Coatings, Adhesives, Sealants & Elastomers)
Others
Breakup by Industry:
Carpet Backing
Packaging
Furniture
Automotive
Building & Construction
Electronics
Footwear
Others
Breakup by Region:
Asia Pacific
Europe
North America
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being BASF SE, Royal Dutch Shell Plc, Mitsui Chemicals, Covestro AG, The Dow Chemical Company, Wanhua Chemical Group, Huntsman Corporation, LANXESS AG, Stepan Company and Repsol SA, etc.
Key Questions Answered in This Report
1. What was the size of the global polyols market in 2022?
2. What is the expected growth rate of the global polyols market during 2023-2028?
3. What are the key factors driving the global polyols market?
4. What has been the impact of COVID-19 on the global polyols market?
5. What is the breakup of the global polyols market based on the type?
6. What is the breakup of the global polyols market based on the application?
7. What is the breakup of the global polyols market based on industry?
8. What are the key regions in the global polyols market?
9. Who are the key players/companies in the global polyols market?
The global polyols market size reached US$ 26.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 37.9 Billion by 2028, exhibiting a growth rate (CAGR) of 6.74% during 2023-2028.
Polyols are a group of organic compounds that consist of multiple hydroxyl groups and are used in a range of industries. They are known as sugar alcohols and consist of a cluster of versatile carbohydrates with reduced calories having similar taste and texture to table sugar. In the food and beverage industry, they are used as a sugar replacement in sugar-free and low-calorie products, such as candies, chewing gums, ice-creams, fruit spreads and yogurts. In consumer products, they are used in the manufacturing of toothpaste, mouthwashes, breath mints and throat lozenges as they aid in preventing tooth decay. In the chemical industry, polyols have applicability in the production of flexible and rigid polyurethane coatings, foams, adhesives, elastomers, and sealants. They improve the product’s stability and shelf life by retaining moisture and preventing crystallization.
Polyols Market Trends:
Rapid industrialization, along with the constant growth of construction and automotive industries, is the key factor driving the growth of the market. There is an increasing demand for polyols and their derivatives from various sectors such as electronics, furniture, packaging and footwear. Furthermore, rapidly burgeoning population and their housing requirements are projected to increase the consumption of building materials made-up of polyols such as insulation protective components, exterior panels and housing electronics. Insulated houses and buildings aid in the conservation of energy and minimizing the emission of greenhouse gasses. Additionally, the increasing demand for polyurethane foams in the automotive industry is also driving the market growth. Flexible polyurethane foams, a polyol derivative, are used to make seatings, headrests, arms rests, heating and ventilating headliners in the vehicles. Other factors such as the development of bio-based polyols are positively driving the growth of the market as well.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global polyols market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type, application and industry.
Breakup by Type:
Polyether Polyols
Polyester Polyols
Breakup by Application:
Flexible Polyurethane Foams
Rigid Polyurethane Foams
CASE (Coatings, Adhesives, Sealants & Elastomers)
Others
Breakup by Industry:
Carpet Backing
Packaging
Furniture
Automotive
Building & Construction
Electronics
Footwear
Others
Breakup by Region:
Asia Pacific
Europe
North America
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being BASF SE, Royal Dutch Shell Plc, Mitsui Chemicals, Covestro AG, The Dow Chemical Company, Wanhua Chemical Group, Huntsman Corporation, LANXESS AG, Stepan Company and Repsol SA, etc.
Key Questions Answered in This Report
1. What was the size of the global polyols market in 2022?
2. What is the expected growth rate of the global polyols market during 2023-2028?
3. What are the key factors driving the global polyols market?
4. What has been the impact of COVID-19 on the global polyols market?
5. What is the breakup of the global polyols market based on the type?
6. What is the breakup of the global polyols market based on the application?
7. What is the breakup of the global polyols market based on industry?
8. What are the key regions in the global polyols market?
9. Who are the key players/companies in the global polyols market?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL POLYOLS MARKET
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Type
5.5 Market Breakup by Application
5.6 Market Breakup by Industry
5.7 Market Breakup by Region
5.8 Market Forecast
6 MARKET BREAKUP BY TYPE
6.1 Polyether Polyols
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Polyester Polyols
6.2.1 Market Trends
6.2.2 Market Forecast
7 MARKET BREAKUP BY APPLICATION
7.1 Flexible Polyurethane Foams
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Rigid Polyurethane Foams
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 CASE (Coatings, Adhesives, Sealants & Elastomers)
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 MARKET BREAKUP BY INDUSTRY
8.1 Carpet Backing
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Packaging
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Furniture
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Automotive
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Building & Construction
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Electronics
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Footwear
8.7.1 Market Trends
8.7.2 Market Forecast
8.8 Others
8.8.1 Market Trends
8.8.2 Market Forecast
9 MARKET BREAKUP BY REGION
9.1 Asia Pacific
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Europe
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 North America
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast
10 SWOT ANALYSIS
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 VALUE CHAIN ANALYSIS
12 PORTER’S FIVE FORCES ANALYSIS
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 PRICE ANALYSIS
14 COMPETITIVE LANDSCAPE
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 BASF SE
14.3.2 Royal Dutch Shell Plc
14.3.3 Mitsui Chemicals
14.3.4 Covestro AG
14.3.5 The Dow Chemical Company
14.3.6 Wanhua Chemical Group
14.3.7 Huntsman Corporation
14.3.8 LANXESS AG
14.3.9 Stepan Company
14.3.10 Repsol SA
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL POLYOLS MARKET
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Type
5.5 Market Breakup by Application
5.6 Market Breakup by Industry
5.7 Market Breakup by Region
5.8 Market Forecast
6 MARKET BREAKUP BY TYPE
6.1 Polyether Polyols
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Polyester Polyols
6.2.1 Market Trends
6.2.2 Market Forecast
7 MARKET BREAKUP BY APPLICATION
7.1 Flexible Polyurethane Foams
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Rigid Polyurethane Foams
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 CASE (Coatings, Adhesives, Sealants & Elastomers)
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 MARKET BREAKUP BY INDUSTRY
8.1 Carpet Backing
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Packaging
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Furniture
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Automotive
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Building & Construction
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Electronics
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Footwear
8.7.1 Market Trends
8.7.2 Market Forecast
8.8 Others
8.8.1 Market Trends
8.8.2 Market Forecast
9 MARKET BREAKUP BY REGION
9.1 Asia Pacific
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Europe
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 North America
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast
10 SWOT ANALYSIS
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 VALUE CHAIN ANALYSIS
12 PORTER’S FIVE FORCES ANALYSIS
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 PRICE ANALYSIS
14 COMPETITIVE LANDSCAPE
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 BASF SE
14.3.2 Royal Dutch Shell Plc
14.3.3 Mitsui Chemicals
14.3.4 Covestro AG
14.3.5 The Dow Chemical Company
14.3.6 Wanhua Chemical Group
14.3.7 Huntsman Corporation
14.3.8 LANXESS AG
14.3.9 Stepan Company
14.3.10 Repsol SA
LIST OF TABLES
Table 1: Global: Polyols Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Polyols Market Forecast: Breakup by Type (in Billion US$), 2023-2028
Table 3: Global: Polyols Market Forecast: Breakup by Application (in Billion US$), 2023-2028
Table 4: Global: Polyols Market Forecast: Breakup by Industry (in Billion US$), 2023-2028
Table 5: Global: Polyols Market Forecast: Breakup by Region (in Billion US$), 2023-2028
Table 6: Global: Polyols Market: Competitive Structure
Table 7: Global: Polyols Market: Key Players
Table 1: Global: Polyols Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Polyols Market Forecast: Breakup by Type (in Billion US$), 2023-2028
Table 3: Global: Polyols Market Forecast: Breakup by Application (in Billion US$), 2023-2028
Table 4: Global: Polyols Market Forecast: Breakup by Industry (in Billion US$), 2023-2028
Table 5: Global: Polyols Market Forecast: Breakup by Region (in Billion US$), 2023-2028
Table 6: Global: Polyols Market: Competitive Structure
Table 7: Global: Polyols Market: Key Players
LIST OF FIGURES
Figure 1: Global: Polyols Market: Major Drivers and Challenges
Figure 2: Global: Polyols Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Polyols Market: Breakup by Type (in %), 2022
Figure 4: Global: Polyols Market: Breakup by Application (in %), 2022
Figure 5: Global: Polyols Market: Breakup by Industry (in %), 2022
Figure 6: Global: Polyols Market: Breakup by Region (in %), 2022
Figure 7: Global: Polyols Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Polyols Industry: SWOT Analysis
Figure 9: Global: Polyols Industry: Value Chain Analysis
Figure 10: Global: Polyols Industry: Porter’s Five Forces Analysis
Figure 11: Global: Polyols (Polyether) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 12: Global: Polyols (Polyether) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 13: Global: Polyols (Polyester) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 14: Global: Polyols (Polyester) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 15: Global: Polyols (Flexible Polyurethane Foams) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 16: Global: Polyols (Flexible Polyurethane Foams) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 17: Global: Polyols (Rigid Polyurethane Foams) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 18: Global: Polyols (Rigid Polyurethane Foams) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 19: Global: Polyols (CASE) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 20: Global: Polyols (CASE) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 21: Global: Polyols (Other Applications) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 22: Global: Polyols (Other Applications) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 23: Global: Polyols (Carpet Backing) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 24: Global: Polyols (Carpet Backing) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 25: Global: Polyols (Packaging) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 26: Global: Polyols (Packaging) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 27: Global: Polyols (Furniture) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 28: Global: Polyols (Furniture) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 29: Global: Polyols (Automotive) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 30: Global: Polyols (Automotive) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 31: Global: Polyols (Building & Construction) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 32: Global: Polyols (Building & Construction) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 33: Global: Polyols (Electronics) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 34: Global: Polyols (Electronics) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 35: Global: Polyols (Footwear) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 36: Global: Polyols (Footwear) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 37: Global: Polyols (Other Industries) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 38: Global: Polyols (Other Industries) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 39: Asia Pacific: Polyols Market: Sales Value (in Billion US$), 2017 & 2022
Figure 40: Asia Pacific: Polyols Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 41: Europe: Polyols Market: Sales Value (in Billion US$), 2017 & 2022
Figure 42: Europe: Polyols Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 43: North America: Polyols Market: Sales Value (in Billion US$), 2017 & 2022
Figure 44: North America: Polyols Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 45: Middle East and Africa: Polyols Market: Sales Value (in Billion US$), 2017 & 2022
Figure 46: Middle East and Africa: Polyols Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 47: Latin America: Polyols Market: Sales Value (in Billion US$), 2017 & 2022
Figure 48: Latin America: Polyols Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 1: Global: Polyols Market: Major Drivers and Challenges
Figure 2: Global: Polyols Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Polyols Market: Breakup by Type (in %), 2022
Figure 4: Global: Polyols Market: Breakup by Application (in %), 2022
Figure 5: Global: Polyols Market: Breakup by Industry (in %), 2022
Figure 6: Global: Polyols Market: Breakup by Region (in %), 2022
Figure 7: Global: Polyols Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Polyols Industry: SWOT Analysis
Figure 9: Global: Polyols Industry: Value Chain Analysis
Figure 10: Global: Polyols Industry: Porter’s Five Forces Analysis
Figure 11: Global: Polyols (Polyether) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 12: Global: Polyols (Polyether) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 13: Global: Polyols (Polyester) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 14: Global: Polyols (Polyester) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 15: Global: Polyols (Flexible Polyurethane Foams) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 16: Global: Polyols (Flexible Polyurethane Foams) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 17: Global: Polyols (Rigid Polyurethane Foams) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 18: Global: Polyols (Rigid Polyurethane Foams) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 19: Global: Polyols (CASE) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 20: Global: Polyols (CASE) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 21: Global: Polyols (Other Applications) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 22: Global: Polyols (Other Applications) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 23: Global: Polyols (Carpet Backing) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 24: Global: Polyols (Carpet Backing) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 25: Global: Polyols (Packaging) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 26: Global: Polyols (Packaging) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 27: Global: Polyols (Furniture) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 28: Global: Polyols (Furniture) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 29: Global: Polyols (Automotive) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 30: Global: Polyols (Automotive) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 31: Global: Polyols (Building & Construction) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 32: Global: Polyols (Building & Construction) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 33: Global: Polyols (Electronics) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 34: Global: Polyols (Electronics) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 35: Global: Polyols (Footwear) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 36: Global: Polyols (Footwear) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 37: Global: Polyols (Other Industries) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 38: Global: Polyols (Other Industries) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 39: Asia Pacific: Polyols Market: Sales Value (in Billion US$), 2017 & 2022
Figure 40: Asia Pacific: Polyols Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 41: Europe: Polyols Market: Sales Value (in Billion US$), 2017 & 2022
Figure 42: Europe: Polyols Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 43: North America: Polyols Market: Sales Value (in Billion US$), 2017 & 2022
Figure 44: North America: Polyols Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 45: Middle East and Africa: Polyols Market: Sales Value (in Billion US$), 2017 & 2022
Figure 46: Middle East and Africa: Polyols Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 47: Latin America: Polyols Market: Sales Value (in Billion US$), 2017 & 2022
Figure 48: Latin America: Polyols Market Forecast: Sales Value (in Billion US$), 2023-2028
